How long does it take to set up an IVA and what is the process?
It usually takes between 1 and 2 months to get your IVA set up.
During this period of time, the process includes:
- Obtaining a financial fact find from you including details of your assets and liabilities and a monthly income and expenditure statement
- Drafting your IVA proposals
- Filing documents in court
- Convening the creditors meeting to consider the proposals, and
- Reporting upon the outcome of the meeting to all relevant parties
You do not need to attend the meeting of creditors
Creditors vote by proxy sent to us either by post, fax or email
Getting in touch with an insolvency expert for free debt advice is as easy as picking up the phone. Call the Leeds Debt Advice Helpline on free phone 0800 169 1536
If you would like to speak to one of our Leeds Money Advisers directly please call 0113 237 9503 or call to book a face to face meeting with an advisor or enter your telephone number and contact details in the box below and we will call you back as soon as possible.